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20121201
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it plan b. tax cut aimed atmi keeping the u.s. from the fiscal cliff. the plan is expected to be rejected by the senate. if the parties cannot agree by the end of the year, many are predicting chaos. >> it is an exercise in republican vote counting that will not result in anything for the american people. it cannot pass the senate. the president would veto it if it got to his desk. plan b, which is the only thing the house of representatives and the republicans are focused on now, a multi day exercise in utility, at a time when we do not have the luxury of exercises in futility. >> president obama and senate democrats have not done much of anything. their plan b is to slow what does over the fiscal cliff. for weeks they said they would make substantial expansions on spending cuts. i did my part. they have done nothing. >> the stalemate is moving the u.s. economy towards a so-called who fiscal cliff if agreement cannot be reached. it is expected to cause the economy to shrink close to 4% of gross domestic product. some fear it will lead to a recession. many economists are calling for a lon
.5 billion in penalties. regulators in the u.s., u.k. and sorts when charged ubs and manipulating a key interest rate known as libor. >> his was person -- pervasive manipulation of global benchmark interest rates by dozens of staff across three continents. and the heavy fine reflects the regulator's concerns. the ubs chief executives said those of all but the extent of the fraud and bribes maybe revealed by further criminal investigations. in just one instance revealed by the u.k. financial services authority, ubs made corrupt payments of around $24,000 a quarter for 18 months to brokers to thank them for helping them manipulate the global industry. libor is used to price more than $350 trillion of contracts around the world. potential losers include pension funds, insurance companies, and individuals. more than a dozen banks have been caught up in an international inquiry and there are more cases to come. >> i would imagine there are probably more skeletons in the covered, and that really think that some point policy makers and regulators need to start focusing on the fact that we will
was revealed. he admitted his crime, they say. u.s. interests in p'yongyang. they say legal actions are being taken against him in line with criminal procedure law of the dprk. a little over a week ago, a u.s. korean men was in custody. he is said to be the operator of a tour company based in beijing that specializes in tours to north korea, and the u.s. state department said they were aware of these reports and that the welfare of their citizens with their chief concern. in 2009, there were two instances of khas u.s. citizens been jailed in north korea, the first in march, accused of trying to cross illegally into the border. later a christian activist was jailed and eventually released after repenting. the two earlier detainees were released after bill clinton who visited hong yang. -- visited p'yongyang. >> britain has paid money to iraqis who say they were illegally obtained -- rick detained and tortured by british troops. over into the following the 2003 invasion. most of those were male civilians who said they were beaten, deprived of sleep, and threatened before being interrogated. bri
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